US consumer prices rise 3.8% as Iran war sends energy prices rapidly higher (apnews.com)

• Consumer prices rose 3.8%, highest since October 2023
• Energy prices surged 18% due to Iran war
• Core inflation remained at 2.5%
• Federal Reserve may raise interest rates further

"US consumer prices rose 3.8% year-over-year in April, driven by a surge in energy prices amid the Iran war. Core inflation excluding energy and food remained at 2.5%. The Fed may consider further rate hikes."